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Some announcements that may impact the markets this week
Big news for this week!
Below are some announcements that may
impact the markets this week:
GMT
|
|
|
|
Monday, June 30
|
|
05:00
|
JPY
|
Housing Starts
|
09:00
|
EUR
|
Consumer Price Index
|
12:30
|
CAD
|
Gross Domestic Product
|
14:00
|
USD
|
Pending Home Sales
|
23:50
|
JPY
|
Tankan Large Manufacturing Index
|
Tuesday, July 01
|
||
04:30
|
AUD
|
RBA Interest Rate Decision
|
07:55
|
EUR
|
Germany Unemployment Change
|
09:00
|
EUR
|
Unemployment Rate
|
Wednesday, July 02
|
||
01:30
|
AUD
|
Trade Balance
|
09:00
|
EUR
|
Gross Domestic Product
|
14:00
|
USA
|
Factory Orders
|
Thursday, July 03
|
||
01:30
|
AUD
|
Building Permits
|
08:00
|
EUR
|
Markit PMI Composite
|
11:45
|
EUR
|
ECB Interest Rate Decision
|
12:30
|
EUR
|
ECB Press Conference
|
12:30
|
USD
|
Nonfarm Payrolls
|
12:30
|
USD
|
Unemployment Rate
|
Friday, July 04
|
||
06:00
|
EUR
|
Germany Factory Orders
|
07:00
|
GBP
|
Halifax House Prices
|
Market News
USDJPY continued its fall today as the
market continues to believe that the Fed will keep borrowing costs at current
levels. Data out this week showed that
the US economy is not as robust as people expected leading to revised reviews
of growth for the year. The net effect
is lower yields and a lower dollar.
The Kiwi dollar has been one of the best
performers this month (and this year) as data continues to look good with the
potential for higher interest rates on the horizon.
Gold (XAUUSD on MT4) continues to head up
as instability in Iraq encourages investors to believe the metal will hold its
value if the crisis widens.
HIROSE News
What is the best currency pair to trade?
Have
you ever found yourself in a position where you have taken out a position on
one currency pair but nothing happens, while another instrument is flying
around?
Chances
are you may have. So how do you trade
the best market?
1. You need to be a bit more
scientific
2. Work out what time period
you want to trade intraday or long term - markets tend to require a bit of volatility
to trade successfully, especially for intraday trading.
3. Find clean easy patterns
that complement your indicators. Bad patterns lead to bad emotions and mistakes
can creep in, but most importantly keep it simple.
If
volatility is an aspect of your trading try looking at the Average True Range
(ATR) for your pair. The ATR is the
difference between the high and low point on any given timeframe. The larger the range is an indication of increased
volatility. Currency pairs with
extremely low or high ATRs should be handled with caution.
Other news
Please
note that the market for USDJPY on our Binary platform will now offer 5 minute
markets. We would love to hear any feedback you may have which will give us the
potential for adding additional 5 minute markets if required. Please reply to Info@hiroseuk.com
Happy
trading!